1,628 Shares in Valero Energy Corporation $VLO Bought by Hilltop National Bank

Hilltop National Bank acquired a new position in Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 1,628 shares of the oil and gas company’s stock, valued at approximately $219,000.

A number of other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Valero Energy by 9.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 334,029 shares of the oil and gas company’s stock valued at $44,900,000 after purchasing an additional 28,356 shares during the period. Consolidated Planning Corp bought a new stake in Valero Energy during the second quarter valued at approximately $339,000. Robeco Institutional Asset Management B.V. grew its position in Valero Energy by 57.9% during the second quarter. Robeco Institutional Asset Management B.V. now owns 298,757 shares of the oil and gas company’s stock valued at $40,159,000 after buying an additional 109,546 shares during the period. Newman Dignan & Sheerar Inc. bought a new stake in Valero Energy during the second quarter valued at approximately $215,000. Finally, SOA Wealth Advisors LLC. grew its position in shares of Valero Energy by 516.1% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 764 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 640 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $160.37 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The firm has a fifty day moving average price of $151.24 and a 200 day moving average price of $136.92. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43. The firm has a market cap of $49.82 billion, a price-to-earnings ratio of 66.82, a P/E/G ratio of 1.73 and a beta of 1.05.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. The business’s revenue was down 13.3% on a year-over-year basis. As a group, sell-side analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 2.8%. Valero Energy’s dividend payout ratio is presently 188.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Evercore ISI boosted their price target on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Raymond James Financial boosted their price target on Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 9th. Mizuho boosted their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.07.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.